Business & Economic Development


WELCOME TO MADISONVILLE BUSINESS DISTRICT

The Madisonville Business District meets the last Friday of every month at 8am, unless otherwise notified. Meetings are held at the Madisonville PNC bank branch located at 5727 Madison Road. Meetings are open to the public and all Madisonville businesses are encouraged to attend.

The purpose of the MBD is to grow the economic base of Madisonville by attracting new businesses and aiding in the growth of current Madisonville businesses. If you have an issue you would like addressed please contact
Deborah Tolliver, 513-271-3035 - deborah@madisonvillebd.org.
 

 

Medpace construction ranks 3rd, behind only the mega private projects downtown 


According to an article published by the Cincinnati Enquirer on April 11, the Medpace, Inc. construction project at the former Nutone site in Madisonville is the largest construction project in the private for-profit sector currently underway in the entire Tri-State region outside of downtown Cincinnati.  

The $15 million project at the southeast corner of Madison Road and the Red Bank Expressway ranked #17 among all the construction projects which the Enquirer listed as being currently underway in the Tri-State region of Southwest Ohio, Northern Kentucky and Southeast Indiana.   The two biggest private-sector projects mentioned in the Enquirer survey are both located in downtown Cincinnati: the Great American Tower at Queen City Square, valued at $320 million and The Banks on the Ohio River riverfront, at $120 million.   The bulk of the other projects that are larger in dollar value than Medpace are either tax-funded construction projects financed by the Cincinnati Public Schools and the State of Ohio (such as Clark Montessori High School in Hyde Park at $18.1 million and the School for the Creative and Performing Arts in Over-the-Rhine at $73 million) or private non-profit projects such as the Hoff Academic Quad at Xavier University in Evanston at $115 million and the United Way Headquarters renovation in Mount Auburn at $16 million.  

Because of the current slump in commercial construction created by the Great Recession and tight credit markets, the Medpace project was only one of three private for-profit sector projects among the Top 24 projects that were listed in the Enquirer’s article.   

The sources cited for the rankings in this article – entitled “Public Works Keep Floor under Building Business” on page G1 of the Sunday, April 11, 2009 Enquirer -- were Messer Construction, Turner Construction and research by Cincinnati Enquirer staff members.  

Medpace, whose headquarters is currently located in Norwood, broke ground on its new corporate office in January of this year.   The company is expected to bring all of its current 600 Tri-State area employees to the new building when it is completed.   Long-term, Medpace says it plans to build one additional building at the 29-acre former Nutone site.  

The general contractor for the new 132,000 square-foot building is AI. Neyer, Inc.  The building is being constructed in conformance with Leadership in Environmental and Energy Design (LEED) design specifications. LEED specifications, which are developed by the U.S. Green Building Council, are considered the “Gold Standard” for environmentally and energy-friendly construction in the USA.  

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